Shares in Taiwan's struggling smartphone maker HTC tumbled to their lowest level in more than a decade Monday after the company forecast its biggest-ever quarterly loss owing to weaker-than-expected demand from China. HTC revised its second quarter guidance late on Friday, with sales predicted to slide to Tw$33 billion-Tw$36 billion ($1.06 billion-$1.16 billion), down sharply from the previous forecast range of Tw$46 billion-Tw$51 billion. HTC also wrote off Tw$2.9 billion in idle assets and prepaid expenses, it announced on Friday.



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